Daily News Analysis » March 2024 » Global Methane Tracker 2024 by International Energy Agency : 26 Mar 2024

Global Methane Tracker 2024 by International Energy Agency : 26 Mar 2024

Understanding Methane:

  • Composition: Methane (CH4) is an odorless, colorless, tasteless gas, lighter than air, primarily found in natural gas.
  • Global Warming Impact: It is the second most significant greenhouse gas after CO2, with a 20-year global warming potential 84 times more than CO2, contributing about 30% to global temperature rise since the pre-industrial era.
  • Sources of Emissions: Major methane sources include wetlands, agricultural activities (rice paddies and livestock), combustion of fossil fuels, biomass burning, and industrial processes like landfills and wastewater treatment.

International Energy Agency (IEA)

  • About: An independent intergovernmental organization established in 1974 in Paris, focusing on energy policy among member countries.
  • Publications: Known for reports like the World Energy Outlook, World Energy Investment Report, and India Energy Outlook.
  • 2017: India joined the IEA.


Key points from Global Methane Tracker 2024:

  • Methane emissions from fossil fuels in 2023 nearly hit a record high, totaling close to 130 million tonnes (Mt)
  • Over 50% increase in major methane emissions events in 2023 compared to 2022
  • The top 10 emitting countries account for nearly 70% of fossil fuel methane emissions, with the US leading in oil and gas sectors, followed by Russia, and China dominating the coal sector.
  • A 75% reduction in fossil fuel methane emissions by 2030 is essential to limit global warming to 1.5°C. 

Why in News:

  • Recently, the Global Methane Tracker 2024 was released  by the International Energy Agency.